Broadcom director Page sells $288,000 in shares

Director Justine Page of Broadcom Inc (NASDAQ:AVGO), a semiconductor giant with a market capitalization of $1.63 trillion and impressive year-to-date returns of 56%, sold 800 shares of common stock at a price of $360 on September 15, 2025. The total value of the transaction amounted to $288,000.

Following the transaction, Page directly owns 22,982 Broadcom shares, including 1,602 restricted stock units.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2025. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading near its fair value. Subscribers can access 20 additional ProTips and comprehensive financial metrics for Broadcom through the platform’s detailed research reports.

In other recent news, Broadcom Inc. reported significant growth in its AI semiconductor revenues, which now account for 57% of its total semiconductor sales in the third quarter of 2025, a notable increase from previous years. This growth has led S&P Global Ratings to upgrade Broadcom’s credit rating to ’A-’ due to stronger-than-anticipated AI momentum. Additionally, Broadcom has expanded its partnership with Lloyds Banking Group to enhance the bank’s technology infrastructure through a multi-year agreement. This collaboration will involve the implementation of VMware Cloud Foundation to support Lloyds’ data center consolidation.

Macquarie has initiated coverage on Broadcom with an Outperform rating, highlighting the company’s strong position in the ASIC market, which is experiencing rapid growth. Mizuho also raised its price target for Broadcom to $410, maintaining an Outperform rating, based on the company’s robust earnings report and increased fiscal 2026 AI revenue outlook. These developments underscore Broadcom’s strategic focus on AI and its potential for continued growth in the coming years.

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